Tag Archives: Joel Kan

With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.

Overall mortgage application volume fell week-over-week, as investors continue to weigh the impact of rapidly increasing inflation nationwide.

As the military conflict in Ukraine pushed U.S. Treasury yields lower, the MBA reports that purchase and refi application volume climbed week-over-week.

Overall mortgage volume tailed off slightly from last week’s totals, as climbing rates continue to dampen refi and purchase activity.

Along with a strain in purchase activity, the MBA's estimate of new home sales fell in January to its slowest annual pace since July 2021.

A rise in rates is putting the brakes on the refi market, as overall app volume continues its downward turn.

Overall purchase and refi application volume has dropped week-over-week, as rates jumped following a three-week stretch of stability.

As rates continue to edge higher, both purchase and refi activity slowed this week with the average loan hitting a record high of $446,000.

As rates shift upward, eager buyers and refinance-seekers are locking in before anticipated hikes continue.

Overall mortgage application volume declined week-over-week, as the pool of borrowers left are losing the incentive to refinance.